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Merchant

Overview, Education, Careers Types, Skills, Career Path, Resources

Merchants buy and sell goods, managing inventory and trade. They need strong business and negotiation skills to succeed in diverse markets.

Average Salary

₹3,50,000

Growth

medium

Satisfaction

medium

Home/Careers/business commerce and management/merchant
Functional Skills

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

    -
    Negotiation Skills
    -
    Financial Acumen
    -
    Supply Chain Management
    -
    Customer Relationship Management (CRM)
    -
    Market Analysis
    -
    Sales and Marketing
    -
    E-commerce Proficiency
    -
    Risk Assessment and Management
    -
    Adaptability and Problem-Solving
    -
    Communication and Interpersonal Skills
    -
    Data Analysis
Soft Skills

Communication, teamwork, and critical thinking to ensure seamless project execution.

    -
    Negotiation Skills
    -
    Analytical Thinking
    -
    Communication Skills
    -
    Relationship Building
    -
    Adaptability
    -
    Problem-Solving
    -
    Financial Acumen
    -
    Time Management
    -
    Cultural Sensitivity
    -
    Decision-Making
Technical Skills

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

    -
    Supply Chain Management
    -
    E-commerce Platforms
    -
    Data Analysis
    -
    Financial Management
    -
    Customer Relationship Management (CRM)
    -
    Digital Marketing
    -
    Negotiation Skills
    -
    Market Research
    -
    Inventory Management Software
    -
    Customer Service Skills
Duties and Responsiblities

Task

95%

Negotiate contracts and payment terms with suppliers to secure the best possible deals.

92%

Analyze market trends and consumer demand to identify profitable products to trade.

90%

Manage inventory levels to ensure optimal stock availability and minimize storage costs.

88%

Develop and implement marketing strategies to promote products and attract customers.

85%

Oversee the transportation and logistics of goods to ensure timely delivery.

82%

Maintain strong relationships with suppliers, distributors, and customers.

80%

Monitor sales performance and adjust strategies to meet revenue targets.

78%

Ensure compliance with trade regulations and legal requirements.

75%

Manage and train staff involved in purchasing, sales, and logistics.

72%

Prepare financial reports and budgets related to trading activities.

Work Activities

95%

Secure favorable terms with suppliers and buyers, maximizing profitability.

92%

Analyze market trends to identify profitable opportunities and mitigate risks.

90%

Maintain strong relationships with suppliers to ensure timely delivery and quality.

88%

Optimize stock levels to minimize holding costs and prevent stockouts.

85%

Coordinate transportation and warehousing to ensure efficient product flow.

82%

Ensure all transactions comply with import/export regulations and trade laws.

80%

Manage budgets, monitor cash flow, and ensure financial stability of transactions.

78%

Identify and mitigate potential risks associated with international trade.

75%

Address customer inquiries and resolve issues to ensure satisfaction.

72%

Prepare and manage all necessary trade documents accurately and efficiently.

Detailed Work Profile

Interests